NEW YORK, June 7, 2005 (PRIMEZONE) -- Mayfair Mining & Minerals, Inc. (OTCBB:MFMM) is pleased to announce that Christopher Davie has joined the board of directors of the company.
Mr. Davie has been actively involved in the mining industry for thirty five years. Previously, he was the President and CEO of Queenstake Resources and its predecessor companies, Castle Exploration and Santa Cruz Gold. Prior to that, he was the Vice President of the Castle Group Inc., where he was a primary member of the team managing the successful Emerging Markets Gold Funds. Mr. Davie was also involved in various management positions in a number of projects in the mining industry worldwide. During his career he has also acted as an independent consultant for various multinational corporations. Mr. Davie is an Associate at the Camborne School of Mines and holds an MSc in Mining Engineering from the University of London, where he graduated in 1973.
Clive de Larrabeiti, President of Mayfair Mining & Minerals, Inc. stated:
"We are extremely pleased to have someone of Chris's considerable mining experience and qualifications join us. Mr. Davie will definitely be a valuable asset to the company. His commercial experience is also significant, encompassing corporate, investment, project and mine management. During his career, he has also been instrumental in raising project and equity finance and in the planning, execution and closing of complex acquisition and merger transactions. We intend to utilise Mr. Davie's experience in our financial and corporate affairs, including any future acquisitions or joint venture programs that we may pursue in our efforts to fuel the company's growth."
On behalf of the Board of Directors,
Clive de Larrabeiti
President
SAFE HARBOR STATEMENT
This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various mining project interests and certain other matters. These statements are made under the "Safe Harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward looking statements contained herein. Forward-looking statements involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks described in this press release. Such risks include, but are not limited to terrorist activities that may affect our business or the economy in general; lack of success in mining activities; the prices of metals and gemstones; lack of funds to conduct mining activities; increase in costs of production, and similar risks. For further information about the Company, please refer to its materials filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov